A friend of mine recently moved to the city and I toured him around to look at neighborhoods and real estate today. Eventually, we came across this new home—which I have driven by several times—and decided to have a look. What do you think?

At 4000 square feet and vertical living (remember this is the city) it is more room than I would want, and the decorations were not to my taste, but heated floors in the bathrooms, the elevator, outdoor decks, and city views were pretty impressive.

In case, you are wondering the vacant lot next door will likely be sold to the buyer of this house to either keep as a garden or to develop the property. The asking price started at $2.4 but has since falled to $2.299

At 4000 square feet and vertical living (remember this is the city) it is more room than I would want, and the decorations were not to my taste,

You mean the decorations not to your taste are things like cabinets/fixtures etc (not easily changed)? It's very nice but unless the location is everything you've ever wanted, your statement above tells me you should keep looking.

You mean the decorations not to your taste are things like cabinets/fixtures etc (not easily changed)? It's very nice but unless the location is everything you've ever wanted, your statement above tells me you should keep looking.

I was only looking for "fun"; I am not in the market for a new home as I am happy where I am and this is considerably above my price point. My friend is looking--not me.

Miami Beach home of Liz Taylor's first fiancé, up for saleBy Paul Owers

For $50,000 a month, you can rent a breathtakingly beautiful Miami Beach home that Elizabeth Taylor frequented in the 1940s.

And for $13.9 million, you can own it.

The house on Lake Avenue once belonged to the family of William Pawley, Taylor’s first fiancé, listing agent Jill Eber said. The young lovers spent time there more than 60 years ago. Taylor died last month at 79.

As you can see in the photo above from Coldwell Banker, the 9,100-square-foot home is pretty impressive. It has six bedrooms, seven bathrooms and 150 feet of water frontage. It also has a detached guest house. To see more photos, click here.

The swimming pool is on the south side of the property, so it’s always getting sun, said Eber, one half of “The Jills" real estate team. She and business partner Jill Hertzberg are known for their high-end listings and celebrity clients, including one-time Miami Heat star Shaquille O'Neal.

The former Pawley estate, built in 1941 and renovated in 2009, currently is listed as a rental. It'll go on the market for sale soon, Eber said.

“People love stories with history, especially with someone as famous as Elizabeth Taylor,” she said. “You could sit around the pool, where she was hanging out.”

The iconic movie star, famously fickle when it came to husbands, never married Pawley. They broke up months before the first of her eight trips down the aisle.

Two years ago, Pawley sold more than 60 love letters that Taylor wrote to him, and a New Hampshire company will auction them next month, according to the Associated Press.

Obviously, the letters don’t come with the home.

“But you never know where something could be buried,” Eber said with a smile.

Q: Several years ago, at the height of the housing bubble, I sold my home for a price that, at the time, I felt was probably $10,000 or $15,000 too high. Although I felt slightly guilty, I also knew that the buyers were highly educated people and that they had the wherewithal to consult the same publicly available information about the local housing market that I did.

What were my ethical responsibilities to this couple? From the point of view of the deal as a business transaction, I fulfilled my obligation to disclose everything I knew. But it seems to me that a more rigorous ethical position would hold that if I believed they were doing something that wasn’t in their best interests, I should have spoken up. NAME WITHHELD, BLOOMINGTON, IND.

A: You have an unusually strong ethical compass — and no future in real estate.

Your desire to negotiate on behalf of your buyers’ interests as well as yours is admirable but misplaced, because your view of their interests will never be identical to their own. They might value the house more highly than others because it’s across the street from their office. Or because it was available at the moment they urgently needed to move in. Or because they believed the next buyer would pay still more than they did.

It is not your obligation to help them assess those priorities as they settle on the true price of the house; in fact, it is literally none of your business. (In any case, the only true price of the house is the one both parties arrive at together.)

Representing your home honestly and transparently is not, then, the least you can do; it is the most you can do. The risks of the real estate market — some foreseeable, some not — are more than any individual seller can possibly bear responsibility for. But if everyone in the real estate market had shown your commitment to disclosure, there might not have been a bubble in the first place.

A friend of mine recently moved to the city and I toured him around to look at neighborhoods and real estate today. Eventually, we came across this new homewhich I have driven by several timesand decided to have a look. What do you think?

At 4000 square feet and vertical living (remember this is the city) it is more room than I would want, and the decorations were not to my taste, but heated floors in the bathrooms, the elevator, outdoor decks, and city views were pretty impressive.

In case, you are wondering the vacant lot next door will likely be sold to the buyer of this house to either keep as a garden or to develop the property. The asking price started at $2.4 but has since falled to $2.299

A friend of mine recently moved to the city and I toured him around to look at neighborhoods and real estate today. Eventually, we came across this new home—which I have driven by several times—and decided to have a look. What do you think?

At 4000 square feet and vertical living (remember this is the city) it is more room than I would want, and the decorations were not to my taste, but heated floors in the bathrooms, the elevator, outdoor decks, and city views were pretty impressive.

In case, you are wondering the vacant lot next door will likely be sold to the buyer of this house to either keep as a garden or to develop the property. The asking price started at $2.4 but has since falled to $2.299

Remember this house? The asking price has fallen to $1.9. Zillow values it at $1.7

Remember when the builder tried to sell this new house on Diamond Street for $2.4 million? The market was declining and it was eventually valued at as low as $1.7 million. Well, the house is now valued at $3.7 million! What a difference a few years can make!